November 21, 2011 ARTICLE # 1 Understanding Asian Names
When communicating with Asians about trading opportunities, it is important to realize that their naming practices may be different from yours. Consider last names, for example. In the People’s Republic of China, more than 100 million people, about 10% of the population, have the last name of Zhang. Fewer than 20 last names account for more than 60% of the population.
In Korea, four last names account for more than 50% of the population. Thus, the last names in some Asian countries aren’t as distinctive an identifier as they are in the United States.
Therefore, it is necessary to learn full names, titles, and divisions within the business in order to be able to communicate with the desired Asian business associates.
In many Asian countries the family name comes first, followed by the given names. Thus in Korea Kim Un is Mr. Kim, not Mr. Yun. Then same name order is also followed in the Chinese and Japanese cultures.
Write a brief Answer these questions using:
1) What kind of an impression will you create if you reverse the order of the names of potential Asian business partners?
First impressions are very important. If you neglect to address a person by their correct name and title, they will look down on you because of your lack of preparedness. People have to work long and hard hours in order to earn their title and so they deserve it so that is how you will address them. If you do not research ahead of time how a potential business partner's culture works and how to approach them then they might feel that you are only doing it for the money instead of actually putting an effort into it. This would lead to a bad impression and the Asian business partner may spread the word around and make it even harder then to find another business partner.
2) What question should you ask to find out about the naming customs in another country?
You should first introduce yourself and then politely ask the other person how you should address him or her. It is bad to jump to conclusions especially when their is a large business deal on the line. If you introduce yourself first and politely ask, people will see it as you are putting an effort into it as well as you are respecting them and their family. You do not want to do anything to put you at a risk of insulting another person's family, especially in Asia because the family is very important.
November 22, 2011 ARTICLE # 2 Public Services Going Private
In recent years, many countries have decided to let private companies buy and operate various government-owned businesses. For example, the Mexican government sold control of the country’s telephone company, airlines, and banks to private companies. This action helped to save the country tax dollars. The businesses also become more profitable. Privatization was also very popular in the countries of eastern Europe in the 1990’s as they changed from command to market economies. Answer the following questions in a different color.
1) What is a command and market economy?
A market economy is an economic system in which the production and distribution of goods and services takes place through the mechanism of free markets guided by a free price system. A command economy is an economic system in which the state or government controls the factors of production and makes all decisions about their use and about the distribution of income . 2) List the eastern European Countries
Belarus, Bulgaria, the Czech Republic, Hungary, Moldova, Poland, Romania, Russia, Slovakia, and the Ukraine.
3) What are some examples of privatization in your school or community?
According to what former Mayor Richard Howard said, there was once a government bank located in Malden. As time went on, the bank was sold and now where the old bank was is Bank of America. I think that is is an example of privatization because the government owned bank was not doing very well economically and they had to transfer it to the control of Bank of America which later help bring the bank back into business. 4) What problems might be associated with privatization?
Privitization can be a benefit because it offers a cheaper products for consumers but this also provides an opportunities for bigger companies to monopolize smaller and weaker companies. If this happens then the bigger companies would fully dominate the industries and cause corruption because the smaller and "mom and pop" businesses would no longer be able to stay open and compete.
November 23, 2011 ARTICLE #3 U.S. Companies face Trade barriers
In the past, Japan did not allow foreign accounting firs to use their international names in advertising. Several nations continue to impose high import taxes on products from other countries. These are some examples of trade barriers from the annual report of the U.S. Office of the Trade Representative. This federal government agency encourages other nations to reduce or eliminate trade barrier for U.S. exports. In exchange, restrictuions on imports to the United States are lowered or removed. This ongoing discussion is aimed at creating a worldwide free trade environment. 1) Go to the web site of the U.S. Government Export Portal (www.export.gov) to obtain information about exporting--- type in below in another color.
This website is one of many sources that helps enterpreneurs and other business others to analyze and prepare before they put their business up to export products for another source of profit. This site can help people discover and prepare a plan in order to be fully aware of what he or she is putting their business into. 2) Why do governments sometimes create trade barriers to discourage imports from other countries?
The trade barriers act as a method to protect the country by making imported goods more expensive than the domestic products. This would benefit the country because the imported producted are now more expensive so the people would purchase the domestic products. The domestic products would help bring a better profit into the country and improves the economy of that country.
3) What are some examples of trade barriers that are not created by government actions?
Some examples can be language barriers, topography, and currency rates can also be trade barriers. The language difference can make trading more diffucult because interpreters are needed in order to communicate. Topography is not something the government can control because the world is already made. This can make it difficult for countries to trade because of the different methods that needs to be taken to trade efficiently. Currency rates are also a barrier because to trade, the different currencies have to be converted to match up to its value in other countries.
November 24, 2011 ARTICLE # 4 Saying “No” the Japanese Way
Carl Byrd, a U.S. businessperson, asked his Japanese trading partner, Massahiro Watanabe, for a lower price on the Japanese product he was purchasing. Mr. Watanabe smiled and replied, “I will do my best.” Two weeks later Mr. Byrd discovered that the product was invoiced at the original price. Mr. Bryd appealed to Mr. Watanabe, asking that the price be decreased because of the size of the order. Mr. Watanabe replied, “That will be very difficult”. Two weeks later Mr. Byrd received another invoice and it showed the original price. Mr. Bryd felt let down by Mr. Watanabe since he had not said “no” directly. Several weeks later, in an international business seminar, Mr. Byrd learned that the Japanese culture is a high context culture. Suddenly, things made sense to Mr. Byrd. Mr. Watanabe was not being deceptive after all; he was being very polite and indirect. Both “I will do my best” and “that will be very difficult’ suggest an unlikely outcome. Mr. Watanabae had been consistently saying “no” in the correct Japanses manner, but Mr. Byrd was prepared to understand “no” only in the direct manner of U.S. businesspersons.
Type an Answer these questions
1) Why do different cultures have different ways of saying “no”?
Different cultures may feel that saying no means that it is impolite or hostile. Some countries feel that is is better to say no directly instead of letting the opposite party linger with hope. Some countries on the other hand may feel that it is better for the party to find out the final answer for themselves instead of directly saying no. Each country has its own belief and morals.
2) What are some other countries that say “no” indirectly”?
South Korea Some Middle Eastern Countries Vietnam
November 25, 2011 ARTICLE #5 How Do you spell Inc.? In the United States, you can tell that a business is a corporation if the abbreviation Inc. (meaning incorporated) follows the company name. In Canada, Japan, and the United Kingdom, Ltd. (for limited) is used, referring to the limited liability of the owners. The notation for a corporate form of business in various countries is listed below: Please make the list below a table on your Global Example page.
Answer these questions in another color
France & Belgium
Sarl
Germany & Switzerland
GmbH
Italy
Srl
Denmark
A/S
Spain, Mexico, Brazil
S.A.
Netherlands
N.V.
1) Conduct an Internet search to find some corporations based in other countries. Hamamatsu Photonics France S.A.R.L. NORMA Germany GmbH Demir-Halk Bank (Nederland) N.V. (DHB Bank) 2) What cultural factors might influence different corporate notations?
The different languages may cause the countries to have different notations for a corporate form of business. In the U.S. for example, we call in incorporation so it is best to be abbreviated as INC. Since countries speak different languages, it would make the most sense for them to abbreviate it so that everyone would understand what the abbreviation means.
November 21, 2011
ARTICLE # 1
Understanding Asian Names
When communicating with Asians about trading opportunities, it is important to realize that their naming practices may be different from yours. Consider last names, for example. In the People’s Republic of China, more than 100 million people, about 10% of the population, have the last name of Zhang. Fewer than 20 last names account for more than 60% of the population.
In Korea, four last names account for more than 50% of the population. Thus, the last names in some Asian countries aren’t as distinctive an identifier as they are in the United States.
Therefore, it is necessary to learn full names, titles, and divisions within the business in order to be able to communicate with the desired Asian business associates.
In many Asian countries the family name comes first, followed by the given names. Thus in Korea Kim Un is Mr. Kim, not Mr. Yun. Then same name order is also followed in the Chinese and Japanese cultures.
Write a brief Answer these questions using:
1) What kind of an impression will you create if you reverse the order of the names of potential Asian business partners?
First impressions are very important. If you neglect to address a person by their correct name and title, they will look down on you because of your lack of preparedness. People have to work long and hard hours in order to earn their title and so they deserve it so that is how you will address them. If you do not research ahead of time how a potential business partner's culture works and how to approach them then they might feel that you are only doing it for the money instead of actually putting an effort into it. This would lead to a bad impression and the Asian business partner may spread the word around and make it even harder then to find another business partner.
2) What question should you ask to find out about the naming customs in another country?
You should first introduce yourself and then politely ask the other person how you should address him or her. It is bad to jump to conclusions especially when their is a large business deal on the line. If you introduce yourself first and politely ask, people will see it as you are putting an effort into it as well as you are respecting them and their family. You do not want to do anything to put you at a risk of insulting another person's family, especially in Asia because the family is very important.
November 22, 2011
ARTICLE # 2
Public Services Going Private
In recent years, many countries have decided to let private companies buy and operate various government-owned businesses. For example, the Mexican government sold control of the country’s telephone company, airlines, and banks to private companies. This action helped to save the country tax dollars. The businesses also become more profitable. Privatization was also very popular in the countries of eastern Europe in the 1990’s as they changed from command to market economies. Answer the following questions in a different color.
1) What is a command and market economy?
A market economy is an economic system in which the production and distribution of goods and services takes place through the mechanism of free markets guided by a free price system. A command economy is an economic system in which the state or government controls the factors of production and makes all decisions about their use and about the distribution of income .
2) List the eastern European Countries
Belarus, Bulgaria, the Czech Republic, Hungary, Moldova, Poland, Romania, Russia, Slovakia, and the Ukraine.
3) What are some examples of privatization in your school or community?
According to what former Mayor Richard Howard said, there was once a government bank located in Malden. As time went on, the bank was sold and now where the old bank was is Bank of America. I think that is is an example of privatization because the government owned bank was not doing very well economically and they had to transfer it to the control of Bank of America which later help bring the bank back into business.
4) What problems might be associated with privatization?
Privitization can be a benefit because it offers a cheaper products for consumers but this also provides an opportunities for bigger companies to monopolize smaller and weaker companies. If this happens then the bigger companies would fully dominate the industries and cause corruption because the smaller and "mom and pop" businesses would no longer be able to stay open and compete.
November 23, 2011
ARTICLE #3
U.S. Companies face Trade barriers
In the past, Japan did not allow foreign accounting firs to use their international names in advertising. Several nations continue to impose high import taxes on products from other countries. These are some examples of trade barriers from the annual report of the U.S. Office of the Trade Representative. This federal government agency encourages other nations to reduce or eliminate trade barrier for U.S. exports. In exchange, restrictuions on imports to the United States are lowered or removed. This ongoing discussion is aimed at creating a worldwide free trade environment.
1) Go to the web site of the U.S. Government Export Portal (www.export.gov) to obtain information about exporting--- type in below in another color.
This website is one of many sources that helps enterpreneurs and other business others to analyze and prepare before they put their business up to export products for another source of profit. This site can help people discover and prepare a plan in order to be fully aware of what he or she is putting their business into.
2) Why do governments sometimes create trade barriers to discourage imports from other countries?
The trade barriers act as a method to protect the country by making imported goods more expensive than the domestic products. This would benefit the country because the imported producted are now more expensive so the people would purchase the domestic products. The domestic products would help bring a better profit into the country and improves the economy of that country.
3) What are some examples of trade barriers that are not created by government actions?
Some examples can be language barriers, topography, and currency rates can also be trade barriers. The language difference can make trading more diffucult because interpreters are needed in order to communicate. Topography is not something the government can control because the world is already made. This can make it difficult for countries to trade because of the different methods that needs to be taken to trade efficiently. Currency rates are also a barrier because to trade, the different currencies have to be converted to match up to its value in other countries.
November 24, 2011
ARTICLE # 4
Saying “No” the Japanese Way
Carl Byrd, a U.S. businessperson, asked his Japanese trading partner, Massahiro Watanabe, for a lower price on the Japanese product he was purchasing. Mr. Watanabe smiled and replied, “I will do my best.” Two weeks later Mr. Byrd discovered that the product was invoiced at the original price. Mr. Bryd appealed to Mr. Watanabe, asking that the price be decreased because of the size of the order. Mr. Watanabe replied, “That will be very difficult”. Two weeks later Mr. Byrd received another invoice and it showed the original price. Mr. Bryd felt let down by Mr. Watanabe since he had not said “no” directly. Several weeks later, in an international business seminar, Mr. Byrd learned that the Japanese culture is a high context culture. Suddenly, things made sense to Mr. Byrd. Mr. Watanabe was not being deceptive after all; he was being very polite and indirect. Both “I will do my best” and “that will be very difficult’ suggest an unlikely outcome. Mr. Watanabae had been consistently saying “no” in the correct Japanses manner, but Mr. Byrd was prepared to understand “no” only in the direct manner of U.S. businesspersons.
Type an Answer these questions
1) Why do different cultures have different ways of saying “no”?
Different cultures may feel that saying no means that it is impolite or hostile. Some countries feel that is is better to say no directly instead of letting the opposite party linger with hope. Some countries on the other hand may feel that it is better for the party to find out the final answer for themselves instead of directly saying no. Each country has its own belief and morals.
2) What are some other countries that say “no” indirectly”?
South Korea
Some Middle Eastern Countries
Vietnam
November 25, 2011
ARTICLE #5
How Do you spell Inc.?
In the United States, you can tell that a business is a corporation if the abbreviation Inc. (meaning incorporated) follows the company name. In Canada, Japan, and the United Kingdom, Ltd. (for limited) is used, referring to the limited liability of the owners. The notation for a corporate form of business in various countries is listed below: Please make the list below a table on your Global Example page.
Answer these questions in another color
1) Conduct an Internet search to find some corporations based in other countries.
Hamamatsu Photonics France S.A.R.L.
NORMA Germany GmbH
Demir-Halk Bank (Nederland) N.V. (DHB Bank)
2) What cultural factors might influence different corporate notations?
The different languages may cause the countries to have different notations for a corporate form of business. In the U.S. for example, we call in incorporation so it is best to be abbreviated as INC. Since countries speak different languages, it would make the most sense for them to abbreviate it so that everyone would understand what the abbreviation means.